Managers keeping a wary eye on the euro

European fund managers are looking at the weak euro, US inflation figures and the market's more cautious attitude to TMT companies with poor figures in two camps - the bulls think that US inflation will descend gracefully and the WAP revolution will drive TMT stocks further, while the bears have reservations on both counts. Stephanie Gerrard, fund manager for Aberdeen, says: "The level of confusion in the market is pretty high and not just in Europe but also the US. The Fed will step on the breaks faster, aiming for a 6.5% or higher target interest rate. "The risk is that the market will s...